Acquisitions24 Apr 2026, 05:12 pm
Sindhu Trade Links to Acquire 78.26% Stake in Advent Coal
AI Summary
Sindhu Trade Links Ltd (STLL) has approved the acquisition of up to 78.26% of Advent Coal Resources Pte. Ltd., Singapore, through a share swap. The acquisition includes 53.67% from Indo Pacific Partners Trust, a related party transaction approved by the Audit Committee. The aim is to acquire overseas coal and infrastructure assets held by Advent Coal and its subsidiaries. Approvals required include shareholder approval via EGM, in-principle stock exchange approval, and compliance with RBI regulations. The acquisition is expected to be completed by July 15, 2026.
Key Highlights
- STLL to acquire up to 78.26% stake in Advent Coal Resources Pte. Ltd.
- Acquisition via share swap, issuing equity shares to Advent Coal shareholders.
- 53.67% acquisition from Indo Pacific Partners Trust is a related party transaction.
- Acquisition aims to gain ownership of overseas coal and infrastructure assets.
- Completion targeted by July 15, 2026, pending regulatory and shareholder approvals.